Financial
Distress signals
Property profile

403 Highland Ave Unit 204/206 Somerville, MA 02144

FOR LEASE
Banks
Property ID
US38-0655745
14,070 SF 0.33 ac lot Built 1900
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
403 Highland Ave,Unit Unit 204/206, Somerville, MA 02144 For Lease
$5,900/Mo 2,208 SF available
403 Highland Ave,Unit Unit 204/206, Somerville, MA 02144
View Listing

Property summary

AI-generated overview

Suite #204/206 provides 2,364 square feet on the second floor and is configured with an open office area, a storage closet, three private offices, and a conference room (identified as #205), along with a shared kitchenette-style area featuring cabinets, counter space, and a small refrigerator. The suite includes multiple windows for natural light and may be subdivided. Office entry is via stairs from street level, and utilities are separately metered. The premises are located at 403 Highland

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$74k
Tax billed · 2024
Assessed value$4.06M
Assessed land$1.85M
Assessed improvement$2.22M
Effective rate1.82%

Value estimate

· Sep 2026
$130k
$117k – $143k
AI approach$130k
NOI build-up
Gross scheduled income$120k
Vacancy & credit loss−$26k
Operating expenses−$23k
NOI · 1,187.47% cap applied$70k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$516/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$274 – $809

Cap rate analysis

How does the asset earn?
1,187.47%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm40.3
Nail Salon25.9
Wholesale Shop22.4

Location

403 Highland Ave, Unit Unit 204/206 Somerville, MA 02144
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 17 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
158 Boston, Somerville, MA 02144-2227 $770,000 Jun 2021 3,313 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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